Stablepoint Partners LLC Acquires 8,230 Shares of The Toronto-Dominion Bank (NYSE:TD)

Stablepoint Partners LLC raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,089 shares of the bank’s stock after acquiring an additional 8,230 shares during the quarter. Stablepoint Partners LLC’s holdings in Toronto-Dominion Bank were worth $4,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TD. Fiera Capital Corp boosted its position in shares of Toronto-Dominion Bank by 0.6% during the second quarter. Fiera Capital Corp now owns 5,759,070 shares of the bank’s stock worth $316,696,000 after purchasing an additional 34,310 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Toronto-Dominion Bank by 71.1% during the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 43,698 shares of the bank’s stock worth $2,401,000 after purchasing an additional 18,163 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Toronto-Dominion Bank by 15.7% during the second quarter. Essex Financial Services Inc. now owns 6,925 shares of the bank’s stock worth $381,000 after purchasing an additional 941 shares in the last quarter. Balanced Rock Investment Advisors LLC lifted its position in Toronto-Dominion Bank by 1.4% in the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after acquiring an additional 203 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Toronto-Dominion Bank by 29.4% in the 2nd quarter. Van ECK Associates Corp now owns 371,649 shares of the bank’s stock valued at $20,431,000 after acquiring an additional 84,331 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TD shares. BMO Capital Markets cut their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research report on Friday, May 24th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. UBS Group started coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Up 0.0 %

Shares of TD stock opened at $59.17 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The firm’s fifty day moving average price is $57.63 and its two-hundred day moving average price is $57.68. The firm has a market capitalization of $103.45 billion, a P/E ratio of 13.45, a PEG ratio of 1.75 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. On average, equities analysts predict that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 67.73%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.